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Dollar Index (DXY) Update 14th September 2022

ewtrader3 years ago3 years ago21 mins

Dollar index is moving as expected. On daily chart, wave 2 was completed yesterday and we seem to have started wave 3 up now. Within wave 3, we seem to have completed minor wave i and doing minor wave ii now. Minor wave ii could do 50% retracement or even 61.8% but I think it…

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DXY elliott waves

DXY (Dollar Index) Outlook 5th September 2022

ewtrader3 years ago3 years ago01 mins

Dollar Index (DXY) has breached 110 level. Time to be super cautious for most asset classes, including stocks, commodities and cryptos. Rising dollar is bad for emerging markets, commodities. This could trigger a fresh downside rally in stocks, commodities and even cryptos. As you can see in chart, we are in wave 3 and by…

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